energy ministry – DIGIT INFO

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

DIGIT — Sun, 01 Jan 2023 10:00:58 +0000

Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in […]

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Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

DIGIT — Thu, 08 Dec 2022 05:00:49 +0000

The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy Ministry Forecasts Rise in Crypto Mining’s Electricity […]

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Russian Ministry of Energy Calls for Urgent Legalization of Crypto Mining

DIGIT — Wed, 30 Mar 2022 12:00:48 +0000

The legal vacuum in the crypto mining sector must be filled “as soon as possible,” according to a statement by Russian Deputy Minister of Energy Evgeniy Grabchak. The government official also called for introducing regional quotas for crypto farms instead of regulating their business at the federal level. Russian Official Proposes Regional Energy Quotas for […]

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Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity

DIGIT — Thu, 30 Dec 2021 11:30:58 +0000

Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining companies to suspend activities in order to avoid winter blackouts. Crypto Miners in Iran to Mint Digital Coins Using Renewable Energy Regulated companies mining cryptocurrency in Iran […]

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Kazakhstan President Demands ‘Urgent’ Regulation of Crypto Mining Amid Power Shortages

DIGIT — Thu, 04 Nov 2021 12:30:48 +0000

Facing an electricity deficit largely blamed on cryptocurrency miners, Kazakhstan is trying to avoid an energy crisis this winter. The president of the country has insisted on the need to maintain power supply for the industry and population, calling for urgent legal regulation of the expanding coin minting sector. President Tokaev Calls for Legislative Regulation […]

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Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates

DIGIT — Sat, 23 Oct 2021 08:30:10 +0000

Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms and proposed a cap on the power rating of new facilities. Kazakhstan […]

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Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions

DIGIT — Sun, 03 Oct 2021 04:00:19 +0000

Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out as the main culprit. Amid an ongoing crackdown in China, the Central Asian nation has become a magnet for crypto miners who are taking advantage of its low electricity rates. Republic of Kazakhstan Sees 7% Increase in Electricity Demand Due to Crypto Miners […]

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Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

DIGIT — Sun, 23 May 2021 04:00:37 +0000

Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […]

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